Title
Authorizing execution of a memorandum of understanding regarding redevelopment of the Central Station Block; and an operations and maintenance agreement for a stair and elevator tower on the Central Station Block with the Housing and Redevelopment Authority and the Metropolitan Council.
Body
WHEREAS, the Metropolitan Council ("Council"), the City of Saint Paul ("City"), and the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota ("Authority") have been focused on the improvement of transit within Saint Paul, most notably through the development of the Green Line Light Rail Transit (LRT) line; and
WHEREAS, in conjunction with the construction of the Green Line LRT Project the Council acquired approximately 1.32 acres of real property located in the Central Station Block - that block in downtown Saint Paul bounded by Cedar, Fourth, Minnesota, and Fifth Streets - as depicted on Attachment A; and
WHEREAS, the Authority owns 0.22 acres of real property in the northeast corner of the Central Station Block adjacent to the Council land; and
WHEREAS, the three parties have been working together for many years on the Green Line project and related efforts, and desire to continue working collaboratively and cooperatively to define parameters for the redevelopment of the Central Station Block that meet the shared goals of increased transit ridership and economic development to increase the tax base of the City; and
WHEREAS, the three parties share an interest in promoting transit oriented development on the Central Station Block, utilizing the adjacent properties owned by the Council and the Authority; and
WHEREAS, the three parties desire to continue their ongoing working relationship as it relates to the Green Line project and memorialize their understandings and expectations regarding the Central Station Block and its redevelopment in a Memorandum of Understanding; and
WHEREAS, the Council owns and will operate a light rail st...
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